Chicago, Oct. 11, 2022 (GLOBE NEWSWIRE) — Household robot market is expected to grow from $9.2 billion in 2022 to $19.3 billion by 2027, at a CAGR of 16.0% over the forecast period of 2022-2027, according to a new report by MarketsandMarkets™. The growth of this market is driven by increasing demand for robots in the household segment, growing demand for autonomous robots, increasing government initiatives to develop robotic technologies, and increasing use of IoT in robots for cost-effective predictive maintenance.
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Pool cleaning applications held the second largest share of the home robot market in 2021
Pool cleaning applications held the second largest share of the home robot market in 2021. A robotic pool cleaner is a sophisticated device for cleaning the pool and is considered to be a desirable product in the market. Fast, reliable and simple functions are important factors that drive product demand in the industry. The growth avenues in the world market are attributed to the increasing disposable income worldwide which further increases their spending capacities on leisure activities like swimming and other related travel. These activities encourage greater participation in swimming, thus increasing the demands on the equipment and some other items needed to clean the pool.
The household robots segment is projected to hold a larger market during the forecast period
Household robots include 4 uses: vacuuming, lawn mowing, pool cleaning and window cleaning. The vacuum cleaner application has the largest market share among household robots. The growth of the home robot market can be attributed to the popularity of products such as robot vacuum cleaners, as well as increased consumer awareness and acceptance of indoor and outdoor smart home appliances….
